BPCL shares dropped as much as 5.67 per cent to hit low of Rs 440.50 after BPCL Trust announced to sell up to 4 per cent of its shares in state-owned energy company through a block deal

Shipping Corporation of India stock touched a fresh high of Rs 123.55, rising 19.14% against previous close of Rs 103.75 on BSE

While DIPAM targets to complete the stake sale by June, the government may have to relax the time period for bidders to complete due diligence.

The department of investment and public asset management (DIPAM) has recently received a disinvestment proposal from SBI Capital Markets Ltd, the adviser to the proposed stake sale in BHEL

In spite of criticism and Opposition jibes, the Centre commits itself to selling most PSUs; sets ambitious disinvestment target for FY22

Resisting the temptation to hike taxes, the finance minister banked on disinvestment and asset monetisation to increase government's revenue.

While the government has maintained for long it does not wish to be in business in sectors that are not of strategic importance, its track record of disinvestment is patchy at best

Finance Minister Nirmala Sitharaman proposed in the Budget to create a National Monetisation Pipeline, comprising of potential brownfield infrastructure assets

Announcing the Union Budget 2021-22, the Finance Minister also increased FDI in insurance sector to 74 per cent from 49 per cent

This year, the Union Budget will be delivered in paperless form for the first time in India's independent history. All the Members of the Parliament will also get a soft copy of the budget

The finance minister is being assisted by a team of advisers and secretaries in making Union Budget 2021 tasked with the mission to pull the economy from the deep abyss

Finance Minister Nirmala Sitharaman says preparation of this Budget was taken under circumstances like never before

Budget 2021: Considering the unprecedented situation, the government is now thinking what all can be done during the post-Covid period to make up for the losses

The government looks to raise Rs 90,000 crore from the sale of its 53 per cent stake in BPCL. But it will be able to raise just Rs 40,000 crore for its stake, according to the present market capitalisation

Centre had planned a disinvestment mop-up of Rs 2.1 lakh crore this fiscal, by selling stake in several public sector enterprises, but the plans have been stalled due to several factors

The Department of Investment and Public Asset Management (DIPAM), which manages government stake sale programmes, had kicked off the privatisation drive inviting preliminary bids for debt-laden Air India in January

While Air India disinvestment is not likley to conclude by March 2021, the BPCL deal, coupled with privatisation of Shipping Corporation and CONCOR can push disinvestment proceeds to close to Rs 80,000 crore this fiscal.

Shipping Corp share hit a fresh 52-week high of Rs 92.7 rising 7.10% against previous close of Rs 86.55 on BSE

Government plans to sell entire 63.75 per cent stake in Shipping Corporation along with transfer of management control

Extending previous session rally, Shipping Corporation share price rallied 14.9 per cent to touch fresh 52-week high of Rs 84.85 on the BSE on Thursday